Five Ways Entrepreneurs Can Start Making Money Right Now

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Guest post by our sponsor – Climb Online

In today’s digital age, it’s not unusual for people to look for ways that they can supplement their 9-5 income with online ventures. Thanks to the internet, such opportunities are now endless. So, if you’re a budding entrepreneur, here are five inspiring ways that you can start making money today, be it full-time or alongside your current job.

Invest in stocks

Stocks remain one of the most popular options for entrepreneurs and these days, thanks to the internet, people don’t need to spend so much time learning the ins and outs of the stock market alone. Information about stocks is available at the click of a button, but you’ll still need to gain a basic understanding of the stock market so that you can get started successfully. Another great learning tip is to read up on how the world’s best investors do it. Where better to start than with Warren Buffet’s number one rule.

Arbitrage

Arbitrage refers to the process of hiring a middleman to do your job for you. Essentially, you’ll be working as an agency. A popular example of this is if you are a content writer employed by a company, you can accept the work and employ someone else to do it for you. You might not make as much money as if you were completing the work yourself, but after a while, you’ll have made enough to hire freelancers so that you can spend your time marketing your services instead.   

Niche e-commerce

As a solo entrepreneur, it’s always best to narrow your focus. After all, you won’t have a team behind you that can help with starting up capital, gaining warehouse space or organising logistics. In that case, finding a specific niche is always your best bet. If your niche matches up with your personal interests, this will allow you to take advantage of your expertise. However, the most important part is that there is a market out there for products in your chosen niche. Otherwise, you might be stuck with stock for a long time.

Property rental

A lot of people turn to property to start their entrepreneurship, especially those who already own a second property that they are able to rent out to tenants either at home or abroad, on a long-term or short-term basis. This is known as buy-to-let and can prove to be incredibly beneficial financially. For those who tend to place more faith in bricks and mortar than in stocks and shares, an investment in a second property might give more peace of mind. 

Digital marketing

Digital marketing involves advertising services and products online via the internet. One of the quickest and most effective ways for companies to stand out from the crowd is with an effective digital marketing strategy that uses SEO, PPC, social media and more to give them exposure. This is something that’s becoming an incredibly fierce market meaning that more companies are looking for a digital marketing agency that they can trust and engage with on a personal level. One company that certainly does this is Climb Online, established by the winner of BBC’s The Apprentice, Mark Wright three years ago. By taking time to get to know our clients and their business, we have managed to build hugely successful campaigns and are continuing this success overseas this year in Australia.


Check out more blog posts by The Money Apprentice here, including 5 ways to start saving right now.

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